Oslo Says No Thanks to 2022 Winter Olympic Games

The European Central Bank, led by President Mario Draghi, plans to purchase covered bonds and asset-backed securities over the next two years, having already reduced interest rates to historic lows. Meanwhile, Rovio Entertainment, the creator of Angry Birds, is struggling to replicate its past success and plans to cut 130 jobs due to slower growth and increased competition from games like Candy Crush and Clash of Clans. Additionally, Oslo has decided to withdraw its bid for the 2022 Winter Olympics, citing insufficient public support for the $5 billion expenditure, which the International Olympics Committee views as a missed opportunity.

What financial strategy did the European Central Bank announce under President Mario Draghi?

• Buying covered bonds and asset-backed securities

• Increasing interest rates

• Selling government bonds

• Reducing inflation targets

What challenge is Rovio Entertainment facing after the success of Angry Birds?

• Increased competition from Candy Crush and Clash of Clans

• Lack of funding for new projects

• Decline in mobile gaming popularity

• Legal issues with game patents

How many jobs does Rovio Entertainment plan to cut?

• 130

• 100

• 50

• 200

Why did Oslo decide to withdraw its bid for the 2022 Winter Olympics?

• Insufficient infrastructure

• Political instability

• Concerns over environmental impact

• Lack of public support for the $5 billion cost

What was the International Olympics Committee's reaction to Oslo's withdrawal?

• They encouraged other cities to bid

• They decided to lower the hosting costs

• They called it a missed opportunity

• They were relieved